[HISTORY: Adopted by the Town Board of the Town of East Hampton 11-5-1993 by L.L. No.
30-1993. Amendments noted where applicable.]
A.
The
Town Board of the Town of East Hampton hereby establishes a separate
fund to be known as the "Environmental Preservation Fund."
B.
There
shall be paid into the Environmental Preservation Fund:
C.
The
amounts paid into the Environmental Preservation Fund shall be used
exclusively for the following purposes:
(1)
The costs relating to the acquisition of open spaces and areas pursuant
to § 247 of the General Municipal Law.
(2)
The costs relating to the management of lands acquired as open spaces
or areas where management activities would be consistent with the
goals of preservation and would promote enjoyment of said public lands.
(3)
The costs relating to town-approved projects to control or remediate
pollution to town surface waters. Said projects shall be determined
to be innovative and necessary to protect a critically important natural
resource. Costs to maintain or repair existing infrastructure or relating
to normal operation and maintenance of town facilities shall not be
eligible.
D.
The
Town Board may establish a citizens advisory committee of five to
seven members for the purpose of evaluating and recommending eligible
projects under the provision of this chapter. However, only the Town
Board, by formal resolution, may authorize an expenditure from the
Environmental Preservation Fund.
E.
The
moneys in the Environmental Preservation Fund shall be deposited in
one or more of the banks or trust companies designated as banks of
deposit by the Town Board. The Supervisor may invest the moneys in
such fund obligations permitted by the state law. Any interest earned
or capital gain realized on the money so deposited or invested shall
accrue to and become part of the Environmental Preservation Fund.
F.
The
Supervisor shall account for the Environmental Preservation Fund separate
and apart from all other funds of the town. Such accounting shall
show the source, date and the amount of each sum paid into the Environmental
Preservation Fund; the interest earned by the fund; capital gains
or losses resulting from the sale of investments of the fund; the
order, source thereof, date and amount of each payment from the fund;
the assets of the fund indicating cash balance and a schedule of investments.
The Supervisor, within 60 days of the end of each fiscal year, shall
furnish a detailed report of the operation and condition of the Environmental
Preservation Fund to Town Board.
G.
The
Environmental Preservation Fund shall also be subject to all requirements
and limitations provided for by state law.
H.
The
Town Board, by resolution, may establish rules and regulations necessary
to implement the provisions of this section.
Effective for any fiscal year commencing after the effective date of this local law, an individual may elect to contribute to the town's Environmental Preservation Fund for the purposes stated in § 22-1C of this chapter. The Receiver of Taxes may provide an enclosure with the annual real property tax bill to explain the Environmental Preservation Fund and to enable a taxpayer to make such contribution. All revenue collected pursuant to this section shall be credited to the Environmental Preservation Fund and shall be used only for the purposes stated in § 22-1C of this chapter.
